How Collector May Calculate Settlement
Date: Mon, 07/26/2010 - 17:57
Submitted by Debt Free to Be
on
Mon, 07/26/2010 - 17:57
Total Replies: 1
I had a very interesting phone call with a collector at United Recovery Systems this afternoon. We were going back and forth on the settlement and she said to hold on she needed to see where the aggregate was. When she came back I asked her what she meant by that and how were they calculating what they would accept as settlement.
She said the aggregate was the TOTAL amount collected from debtors for a particular client and if the aggregate collected was high enough then she could offer me a lower settlement. She then explained that if she could get x number of people to pay in full then they could give me a lower settlement and they would stll meet their client's goal of % collected on accounts.
I found this very interesting then I told her to get on the phone and get some people to pay in full and call me back. LOL
Oh by the way they were collecting for Capital One. My account charged off 4/7/10 and today was the first call from them.
She said the aggregate was the TOTAL amount collected from debtors for a particular client and if the aggregate collected was high enough then she could offer me a lower settlement. She then explained that if she could get x number of people to pay in full then they could give me a lower settlement and they would stll meet their client's goal of % collected on accounts.
I found this very interesting then I told her to get on the phone and get some people to pay in full and call me back. LOL
Oh by the way they were collecting for Capital One. My account charged off 4/7/10 and today was the first call from them.
WOW! That is interesting! Seems like they would settle for les
WOW! That is interesting! Seems like they would settle for less so they can show some sort of profit. Thanks for posting this!
